Difference between revisions of "Group 16 Project Proposal"
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=='''1. Abstract'''== | =='''1. Abstract'''== | ||
| − | Stock is one of the common investment methods for HNWI (High Net Worth Investors). Traditionally, the visualization of different stocks is just line charts showing | + | Stock is one of the common investment methods for HNWI (High Net Worth Investors). Traditionally, the visualization of different stocks is just line |
| − | + | charts showing the price or the trend of the stock. However, with the development of visualization technologies, investors now may ask more for the | |
| − | + | stock graphs. This project tends to work out a visualization solution for stock investors by providing more analytical and interactive functions that | |
| − | + | allow users to see stock price forecasting, signals and payoffs of different trading strategies, and compare different stocks. | |
=='''2. Objectives'''== | =='''2. Objectives'''== | ||
The main objectives of the project are listed as follows: | The main objectives of the project are listed as follows: | ||
• Demonstrate the trendline of different stocks in different industries and compare the difference between these stocks | • Demonstrate the trendline of different stocks in different industries and compare the difference between these stocks | ||
| − | • There are usually some rules hidden behind the graph and the project tends to uncover these rules of different stocks for investors to make better | + | • There are usually some rules hidden behind the graph and the project tends to uncover these rules of different stocks for investors to make better |
| − | decision | + | investment decision |
• Make a diversified investment recommendations based on the similarities of the stocks and the preference of investors | • Make a diversified investment recommendations based on the similarities of the stocks and the preference of investors | ||
• Forecast and visualize stock price using user specified forecasting method and time window. | • Forecast and visualize stock price using user specified forecasting method and time window. | ||
| Line 20: | Line 20: | ||
=='''4. Data description'''== | =='''4. Data description'''== | ||
| − | Basically, the data contains the price and the volume of a stock in a particular day. By using ‘quantmod’ package in R, users can specify the stock and timeframe that they want to look at. | + | Basically, the data contains the price and the volume of a stock in a particular day. By using ‘quantmod’ package in R, users can specify the stock and |
| + | timeframe that they want to look at. | ||
| + | |||
=='''5. Visualization tool used'''== | =='''5. Visualization tool used'''== | ||
Latest revision as of 22:29, 16 June 2017
Contents
1. Abstract
Stock is one of the common investment methods for HNWI (High Net Worth Investors). Traditionally, the visualization of different stocks is just line charts showing the price or the trend of the stock. However, with the development of visualization technologies, investors now may ask more for the stock graphs. This project tends to work out a visualization solution for stock investors by providing more analytical and interactive functions that allow users to see stock price forecasting, signals and payoffs of different trading strategies, and compare different stocks.
2. Objectives
The main objectives of the project are listed as follows: • Demonstrate the trendline of different stocks in different industries and compare the difference between these stocks • There are usually some rules hidden behind the graph and the project tends to uncover these rules of different stocks for investors to make better investment decision • Make a diversified investment recommendations based on the similarities of the stocks and the preference of investors • Forecast and visualize stock price using user specified forecasting method and time window. • Visualize buy and sell signals on the stock graph, and compute the payoffs of customized trading strategies. • Help users to analyze trading performance using various evaluation metrics.
3. Data source
• https://finance.yahoo.com/ • R package: quantmod, quantstrat
4. Data description
Basically, the data contains the price and the volume of a stock in a particular day. By using ‘quantmod’ package in R, users can specify the stock and timeframe that they want to look at.
5. Visualization tool used
• R: shiny, shinydashboard, ggplot2, plotly. • Tableau • Python: matplotlib
6. Challenges
• Data has large volume and complex pattern, thus might be difficult to model. • The combinations of indicators can yield numerous trading strategies. Finding an optimal mix of different strategies is more of an art than a science. • The stock price is vulnerable to many factors, thus analysis based on historical data may not give an accurate prediction for the future return.
